Means a fed hike moving to the back burner. We have the numbers from the latest Hong Kong Survey and discuss the implications of tokyos election results. A terrible outcome for the Prime Minister. Tensions in north asia as north korea continues to worry leaders around the world. We will get an update from beijing on the latest. This is Bloomberg Markets asia. I am betty liu here in new york. It is just after 7 00 a. M. In hong kong. Busy monday in asia with president xi jinping delivering that 20th Anniversary Gift hong kong, right . The bond connects set to launch this morning. We are expecting a ceremony at 9 00 in hong kong. Also, japan as well, a major setback for Prime Minister shinzo of days party shinzo abes party. We are looking at manufacturing a sectors and how they fared. The Manufacturing Sector has probably done pretty well in japan. Exceptingght, msci china ashares, and now the bond things, so it looks like are on fire there in china. We will see how things go. Setting up
This selfmanufactured model is going down. Its never what it said it was. It cant wipe out the human abuses that its in its very dna. China will crack down on hong kong. I dont know when. I think its difficult to pull another teen man square in this age, but its not impossible for china to pull Something Like this especially beijing control of the internet and how it stifles its own people. It is direct contradiction and the economic dichotomy its spent decades crafting to remind the us what it is not. For years the china has had the best of both worlds. One that could produce enveabl powerhouses, but inherent in making money is understanding what happens when your own people start making money. They start imagining not only a better life, but a freer life. They crave freedoms. Once you have food on the table, you start looking for more more to fill your plate. China kept the lid on such dreams in the mainland. It is having a devil of a time forcing that issue in the hong kong. That ot
He will join us in just a few minutes. Tylers down at the nyse. But first, breaking news. John harwood, it concerns russia. John joins us from washington. John . Sue, the white house and european union, as they signaled at last weeks nato meeting, have Just Announced deepened sanctions on the natural, energy and defense sectors on russia over the crisis in ukraine. They did that despite the ceasefire agreement that has a Peace Process under way. They indicated that if the Peace Process progresses, those sanctions can be rolled back. But russia has reacted instantly and said that this shows a lack of faith and an undermining of the Peace Process by the United States and the european union, but the United States and its allies believe they need to move forward with these. Of course, the president s got his hands full all over the world including in ukraine where whatever process is going on right now, they have not gotten the russians and the prorussian separatists to stand down in ukrai
Coming up in moments. Sprint shares lower in premarket trading this morning. Wider than expected loss, lowering of guidance and loss of subscribers, plus job cuts. Shares of michael kors down premarket after Holiday Quarter guidance comes in below street expectations. Alibaba reporting quarterly profit 45 cents a share in line with estimates. Shares of alibaba have risen 50 since the september ipo. As we said, we are moments away from a live interview with alibabas executive vice chairman joe tsai. We are getting used to these metrics, gross merchandise volume, annual active buyers, and general, we are going to get to the interview right now. Lets do it. Joining us first on cnbc alibabas executive vice chairman joe tsai. Very nice to have you here after this first Quarterly Report as a public company. You guys have made a great deal with mobile in your remarks. In your slide presentations. Let me start there. Its grown to represent 35. 8 of gross merchandise value. Your take rate moved
All closing at a record high on the same day for the first time in about 16 years. The big winners were energy and utility stocks. The nasdaq isnt taking part in the party at this point. If he check out the futures this morning, right now you see there are some red arrows. These are modest declines at this point. The dow futures down by 1. 5 points, dow down by 9. 5 points and the nasdaq down by 3. 5 points. Policymakers in europe are expected to stick with current plans keeps rates at record loys. But there is growing disagreement between ecb members and mario draghi. Here at home, two big economic reports to watch this morning. Both of them set to be released at 8 30 eastern time. We have weekly jobless claims seen at dipping at 285,000. Well be getting a first read on Third Quarter productivity and, andrew, ill send it over to you. Lets talk about some Corporate News this morning. Tesla posted better than expected Third Quarter results. Those results driven by record deliveries, but